J.P. Morgan Will Lend Against Bitcoin and Ethereum

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Oct 26, 2025

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From “fraud” to financial collateral in eight years flat.

That’s Jamie Dimon’s arc on Bitcoin. The man who threatened to fire traders in 2017 for touching BTC will now let institutional clients pledge it for loans. By year-end 2025, JPMorgan Chase will accept Bitcoin and Ethereum as loan collateral globally, treating them exactly like Treasuries, gold, o…

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